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Latest Comments71 Comments
Washington's Foot Dragging on Automaker Bailout Disappoints Markets
While stumbling in the darkness of moronic decision-making, the Democrat Congress is prone to throw money at all problems and hope they go away. When the more logically thinking Middle Class realizes the direction this bunch of cretins in Congress are taking, they flood them with emails, faxes, phone calls, and screaming to back-off and let things take their normal course. The politicians panic and are frozen with fear that their cushy jobs are in jeopardy and so they react in their normally brainless way – they posture, bloviate, disparage, promise, tap dance, threaten, and do nothing. Meanwhile, the dunces who elected them twist in the wind of uncertainty and probable ruin.
The dumbing down of America has reached its designed goal of an ignorant and dependent electorate that guarantees life long employment for incompetent politicians. The Founding Fathers are either laughing themselves sick or are in deep mourning.
Will the Fed Actually Raise Rates Next Week?
As has been indicated by several respected sources, most of today’s stock market collapse can be laid at the feet of ETF’s. Those computer driven programs may be wonderful in an upward directional market but when things are unsettled, these programs cannot think, logically. All they are capable of doing is to react along pre-determined programming. Small and independent investors are unable to bring reason into the market and, thus, it moves in extreme and devastating directions at a pace that defies understanding.
Until things settle down, I recommend that ETF trading be suspended for an indefinite period. The next major move should ban, permanently, the addled brain politicians’ ability to interfere in the market and business decisions. Let things follow their natural course and allow the chips to fall where they may. Didn’t we learn a thing from the incompetent and brainless interference in business activity by FDR and his fellow socialists in the 1930’s? They took a normal 12 to 18 month disturbance and turned it into a nine-year depression. Left to their bungling and intervention, today’s Washington lamebrains will duplicate this stupidity. After all, they’re Democrats, aren’t they?
Deflation? What Deflation?
The current mess being created by our hapless government will seem like a paradise compared to what will happen after January 20, 2009 as the socialism of America begins.
I fear for my country and the idiots who are allowed to vote without the mental acuity to separate dreams from reality. Promises and slogans are the stuff of fantasy and ruin.
The Magic Formula's Top 11 Dividend Stocks
Economy Loses 240,000 Jobs in October, Defines Obama's Challenges
Once more, in their cluelessness and refusal to deal with reality, the American public has allowed themselves to be conned into believing in will-of-the–wisp solutions to complex problems. And, once more they will pay a horrendous price for their ignorance and believe in fairy tales from politicians.
God help the American people for they cannot help themselves.
USA: The Biggest Obstacle to Global Banking Regulation
Incidentally, have you noticed that the rest of the world's banking systems are struggling, also with the same problems as ours or worse? And, the standard of living in the rest of the world is far below that enjoyed by the average citizen of the good old and free USA.
KEEP YOUR LIBERAL ONE-WORLD ORDER IDEAS TO YOURSELF. For inspiration, please note the absence of the USSR and the slow but sure onset of capitalist democracy in the PRC. The world envies and despises our great nation. Never forget It is their fondest hope to undermine and destroy our greatness. This latest move to install international banking regulation here is, just, another attempt to bring about our downfall.
Oh, yes, please note the socialist Democrats in the Congress are all for this. If you believe in the American way of life and doing business, vote them out on November 4 or watch your country erode into a second rate nation.
Muni Bonds Boast Attractive Yields - Barron's
Personally, I advocate either cashing out of all investments and holding cash or sticking with the tried and true companies and mutual funds and riding out the uncertainty. Even an Obama administration is limited in what it can achieve and the length of time it can survive. The market, always, comes back and the American people will not tolerate a socialist agenda for very long.
However, Democrat dominated state governments (CA for example) have, already, done irreparable damage to the financial health of their state. Buying their paper, at any interest level, is a crap-shoot, at best, and a stupid blunder at worst.
It Shows: Few In Congress Have Economic Background
Until the electorate wakes up and decides that enough is enough and they no longer will tolerate chicanery and corruption from public officials, nothing will change and nothing of significance will be accomplished. We the People are to blame for our ineffective and corrupt government at all levels. It is up to us to clean up this mess. November 4 would be a good time to start. Vote NO on all incumbents and all Democrats (for sure). Even is an incumbent is running unopposed, do not vote for him/her! A very small number of votes for a candidate sends a message that their days are numbered, they have no power, and invites good people to run, next time. Try it, you'll like it!
Alternative Bailout Plan: Good and Bad Ideas
The older accounting practices of LIFO and FIFO lent stability and provable value to a company's assets. Investors had a good feel for their investment under such conditions. Mark to market is an example of clueless Democrat/Socialist do-gooder tinkering in an area they did not understand or comprehend the disaster they were building. Suspending it would give the market and business an immediate boost and restore confidence in the value of a company's assets.
Of course, if you are a Democrat who backs the Marxist philosophy of Obama, you neither understand the concept nor favor the end of the current crisis. If you are successful in electing the empty suit from Illinois, you will discover what real chaos and catastrophe are.
As to the bailout, a.k.a., Democrat CMA for supporting the collapse of Fannie and Freddie and accepting bribes in the process, it will be a disaster for the taxpayers as insurmountable debt is piled upon exponentially expanding liabilities. However, the miscreants of Wall Street will retain their homes in the Hamptons and their mid-Manhattan penthouses, increase their personal worth through egregious golden parachutes, and reap billions of dollars in profits as Paulson buys their 20-cent paper for 80 cents. Is that what We the People want? Absolutely, NO!
Give a cheer and show appreciation to those Republicans and Democrats in the House who stood up for the taxpayers and defied the leadership and self-interested Paulson. They deserve to remain in office in November while the rest of them must be heaped on the worthless debris of history.
God bless the patriots who protect this nation from its destructive, incompetent, and self-interested representatives in government.
Who Is For and Against the $700 Billion Bailout?
The, only, thing that appears to have changed is that the Treasury will have the funding parceled out to them instead of in one lump sum. And, the taxpayers will be stuck with a lot of worthless paper and a huge debt.
We the People MUST flood Congress and the White House with emails, faxes, and telephone calls expressing our anger and intent to throw everyone, both parties, out of office in November. Then, we MUST do it! Otherwise, the beat goes on and we continue to suffer.
Bottom line: They are all a bunch for corrupt, self-interested, incompetent fools and are not worthy of our trust or our support. NO on everyone in November.
When the economy is debated by McCain and Obama in a few weeks, listen carefully and decide which one is more likely to serve this nation and We the People's interests - Not theirs and their Party!
Remember, Obama is pushing a Marxist agenda that will bring disaster to the economy and the investors with their IRAs. 401-ks, and Roth’s. Vote, accordingly.
Will the Fed Actually Raise Rates Next Week?
The, only, thing that appears to have changed is that the Treasury will have the funding parceled out to them instead of in one lump sum. And, the taxpayers will be stuck with a lot of worthless paper and a huge debt.
We the People MUST flood Congress and the White House with emails, faxes, and telephone calls expressing our anger and intent to throw everyone, both parties, out of office in November. Then, we MUST do it! Otherwise, the beat goes on and we continue to suffer.
Bottom line: They are all a bunch for corrupt, self-interested, incompetent fools and are not worthy of our trust or our support. NO on everyone in November.
When the economy is debated by McCain and Obama in a few weeks, listen carefully and decide which one is more likely to serve this nation and We the People's interests - Not theirs and their Party!
Remember, Obama is pushing a Marxist agenda that will bring disaster to the economy and the investors with their IRAs. 401-ks, and Roth’s. Vote, accordingly.
Ike vs. Refining Capacity and Oil Price
Please note that oil is down $4.49 to $96.69, this morning. It appears that IKE did not effect refining as much as the oil wonks wished it would. And, people are using less and less gasoline and diesel as the gouging by Big Oil continues at the pumps. Are we to go into mourning for EXXON, et al as their quarterly profits plunge? Excuse me while I go into hysterical laughter over their situation.
The Fannie/Freddie Heist
Additionally, politicians who are/were involved in the failures of these companies should, also be prosecuted for misusing their offices for personal gain.
Yeah, I know, we would have to build more prisons and courtrooms to accommodate all the miscreants that would surface. Remember, wherever big money exists, intense oversight is necessary. Accountability and responsibility must be paramount. And, when misbehavior occurs, punishment equivalent to the crime must be meted out without regard to political party, past accomplishments, popularity, stature, or position. Felons must go to prison and must have their ill-gotten gains confiscated.
Did we forget the Savings and Loan scandals? Or, are We the People too forgetful, forgiving or stupid?
A Look at US Debt Levels as a Percentage of GDP
We the People should demand that the inflation numbers reflect reality not some politician/bureaucrat manipulation of the truth. We can start this process in November by tossing out he Democrats and keeping the pressure on the Republicans to establish truth in government or get tossed out on their backsides. Enough changes of Congressional membership over the next two or three election cycles will help to drive this point deep into the concrete that passes for a politician’s gray matter.
Perhaps a better solution is to stop electing the least qualified to public office, all levels. Right!
Time For Growth Stocks Like Apple and Google?
Only Democrats, radicals, and wacko environmentalists will deny the reality of Drill Here, Drill Now, Pay Less. Of course, their little world of political correctness will, suddenly, explode and they will be covered with the debris of their denial of reality and ignorance of macroeconomics. However, they will never shut their mouths and stop their efforts to destroy the capitalist foundation of our democracy. We must remain ever vigilant.
If the Republicans make a huge comeback in November, prosperity will reign supreme. If the ideologues of the left convince the electorate that socialism is a better alternative to representative democracy and capitalism, there is no hope for this nation. This election will be the most important that most of us will ever see. Vote wisely not ideologically!